Core Insights - The Hong Kong Lands Department reported that in Q3 2023, the total amount involved in land premium cases registered was approximately HKD 26.81 billion, a significant increase of 25.8 times compared to HKD 1 billion in Q2 2023 [1] Summary by Categories Land Transactions - A total of 25 land transactions were registered during the period, including 22 cases of contract amendments and 3 cases of land exchanges [1] - Among these transactions, 4 were technical contract amendments that did not involve land premium amounts [1] Geographic Distribution - The registered land transactions included 4 located on Hong Kong Island, 17 in Kowloon, and 4 in the New Territories [1] Specific Land Grants - Four sites were granted through private agreements, including: - One site in Sai Ying Pun for office use - One site in Chek Lap Kok for airport development, granted to the Hong Kong Airport Authority - One site in Tin Shui Wai for the development of a non-profit school - One site in Mong Kok for residential development, granted to the Urban Renewal Authority [1] Registration Activity - There were no additional land registrations during the quarter [1]